Navellier & Associates Inc. Acquires 20,557 Shares of Power Solutions International, Inc. $PSIX

Navellier & Associates Inc. grew its holdings in Power Solutions International, Inc. (NASDAQ:PSIX) by 47.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,160 shares of the company’s stock after purchasing an additional 20,557 shares during the quarter. Navellier & Associates Inc.’s holdings in Power Solutions International were worth $6,302,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PSIX. Federated Hermes Inc. acquired a new stake in shares of Power Solutions International in the third quarter valued at $26,000. California State Teachers Retirement System bought a new stake in Power Solutions International during the 2nd quarter worth about $26,000. World Equity Group Inc. increased its position in Power Solutions International by 3.1% in the 3rd quarter. World Equity Group Inc. now owns 14,688 shares of the company’s stock valued at $1,443,000 after acquiring an additional 436 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its stake in shares of Power Solutions International by 71.3% in the third quarter. MeadowBrook Investment Advisors LLC now owns 1,405 shares of the company’s stock worth $138,000 after acquiring an additional 585 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Power Solutions International in the second quarter worth about $43,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX opened at $86.43 on Tuesday. The firm’s 50 day simple moving average is $68.37 and its 200 day simple moving average is $78.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 16.43 and a beta of 2.11. Power Solutions International, Inc. has a fifty-two week low of $18.10 and a fifty-two week high of $121.78.

Wall Street Analyst Weigh In

Several research firms have recently commented on PSIX. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Jefferies Financial Group began coverage on Power Solutions International in a report on Monday, December 1st. They set a “buy” rating and a $110.51 price objective on the stock. Finally, Wall Street Zen cut Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.